Insider Buying: White Gold (CVE:WGO) Insider Buys 14,500 Shares of Company Stock

White Gold Corp. (CVE:WGO) insider Donovan Pollitt acquired 14,500 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were bought at an average price of C$1.55 per share, for a total transaction of C$22,475.00. Following the transaction, the insider owned 200,000 shares of the company’s stock, valued at C$310,000. This trade represents a 7.82% increase in their ownership of the stock.

White Gold Stock Up 0.7%

WGO stock traded up C$0.01 during midday trading on Tuesday, hitting C$1.53. The company’s stock had a trading volume of 93,555 shares, compared to its average volume of 507,773. The firm has a market capitalization of C$341.13 million, a price-to-earnings ratio of -51.00 and a beta of 3.90. White Gold Corp. has a 12 month low of C$0.85 and a 12 month high of C$2.50. The company has a 50 day moving average of C$1.90 and a two-hundred day moving average of C$1.80.

Analyst Upgrades and Downgrades

WGO has been the subject of a number of research reports. ATB Cormark Capital Markets set a C$4.50 price objective on shares of White Gold and gave the stock a “speculative buy” rating in a research note on Thursday, September 10th. Canaccord Genuity Group set a C$3.40 target price on White Gold and gave the stock a “moderate buy” rating in a research note on Monday, August 31st. Three analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$3.95.

White Gold Company Profile

White Gold Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for gold, copper, molybdenum, and silver deposits. Its flagship project is the Golden Saddle and Arc deposits in the White Gold property located in Dawson City, Yukon. The company owns a portfolio of 15,876 quartz claims across 26 properties covering approximately 315,600 hectares located in the Yukon’s White Gold District in Canada. The company was formerly known as G4G Capital Corp.